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Even if the Optimism team had noticed and temporarily paused bridge transactions via the sequencer during a theoretical attack, an attacker could have still wreaked havoc on layer 2 decentralized finance (DeFi). Using the falsely minted OETH, any attacker would be able to drain decentralized exchanges and exploit lending platforms
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekRussia to decide between blanket crypto ban
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Retail shareholders of crypto-friendly trading app Robinhood are demanding a crypto wallet along with a branded hat and hoodie, a public shareholders questionnaire revealed. The public question crowdsourcing platform Say, which was Robinhood’s first purchase after it went public, enabled retail shareholders of Robinhood to ask and upvote questions in a
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The SushiSwap decentralized exchange has narrowly avoided becoming the latest DeFi hack victim thanks to assistance from a white hat hacker.A security researcher from venture capital firm Paradigm known on Twitter as “samczsun” has managed to save SushiSwap and its MISO platform from a potential loss of as much as
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Decentralized finance protocol Poly Network has offered the person behind a $610 million hack an advisory position and $500,000 — whether they like it or not. In a Tuesday update, the Poly Network team said in a seeming attempt to gain access to hacker’s expertise, it would be inviting them to
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The United States government is offering rewards in cryptocurrency for information relating to the operations of enemy state-backed hackers or suspected terrorists.The U.S. State Department's new “Rewards for Justice” platform allows informants to submit anonymous tips and information in return for rewards in digital assets.The platform was promoted at the
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The hacker behind a $610 million attack on the cross-chain decentralized finance (DeFi) protocol Poly Network has returned almost all of the stolen funds amid the project saying their actions constituted “white hat behavior.”According to a Thursday update on the attack from Poly Network, all of the $610 million in
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Cross-chain decentralized exchange THORChain has suffered its second multi-million-dollar hack in as many weeks, with $8 million worth of Ether impacted.However, the attack appears to have been carried out by a white-hat hacker, with THORChain announcing the perpetrator had requested a 10% bounty. ETH will be halted until the code
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The attack had a rather strange outcome, as the Hacken CEO stated that this “was not a typical hacking”, and he plans to discuss the project with the hackers.Recently, the homepage of the First Grey Hat Hackers Ideas Competition website was hacked by malicious actors who left a message on
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Hacken, a prominent cybersecurity, blockchain and cryptocurrency community is organizing the First Grey Hat Hackers Idea Competition where hackers and computer enthusiasts can submit their ideas to detect and counter vulnerabilities in crypto and DeFi projects. The hackathon offers Grey Hat hackers an opportunity to implement their ideas with the
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